Core Viewpoint - The mid-term profit distribution plans of listed banks in A-shares for 2025 show a significant increase in total dividends, reaching 237.54 billion yuan, with state-owned banks being the primary contributors [2][3][4]. Group 1: Dividend Distribution Overview - Among 42 listed banks, 17 have announced their mid-term dividend plans for 2025, with a total dividend amount of 237.54 billion yuan [2][3]. - The six major state-owned banks contributed 204.66 billion yuan, accounting for 86% of the total dividends announced by the 17 banks [3][4]. - Industrial and Commercial Bank of China leads with a dividend of 50.40 billion yuan, followed by China Construction Bank and Agricultural Bank of China with 48.61 billion yuan and 41.82 billion yuan respectively [3][4]. Group 2: Factors Influencing Dividend Decisions - The ability of state-owned banks to distribute dividends is supported by their strong capital strength, stable profitability, and ample cash flow, allowing them to maintain high dividend payouts [4][9]. - The decision to distribute dividends is influenced by a balance of capital adequacy, business expansion needs, regulatory requirements, and shareholder return expectations [4][9][10]. - Some banks, such as Zhengzhou Bank and Qingdao Rural Commercial Bank, have explicitly stated they will not distribute dividends for the first half of 2025, citing performance pressures and capital replenishment needs [8][9]. Group 3: Trends in Dividend Distribution - The trend of increasing mid-term and quarterly dividends among listed banks has been noted since the introduction of the new "National Nine Articles" policy, which encourages multiple dividend distributions within a year [2][4]. - Several joint-stock banks, including CITIC Bank and Minsheng Bank, have announced their mid-term dividend plans, with CITIC Bank aiming for a dividend payout ratio of 30.7% [4][6]. - The distribution landscape shows a clear differentiation, with some banks actively pursuing dividends while others pause due to various operational challenges [8][9].

Core Viewpoint - Qilu Bank's 2025 H1 financial results show significant growth in revenue, pre-provision operating profit (PPOP), and net profit attributable to shareholders, with year-on-year increases of 5.76%, 6.00%, and 16.48% respectively, indicating strong market expectations for double-digit growth [1] Group 1: Asset and Liability Growth - Total assets as of Q2 2025 increased by 16.02% year-on-year, with loans growing by 13.71%, and corporate loans showing a notable increase of 20.62% [2] - Total liabilities grew by 16.17% year-on-year, with deposits increasing by 12.54%, and bond issuance rising by 48.42% [2] Group 2: Net Interest Margin and Asset Quality - The net interest margin for H1 2025 was reported at 1.53%, a 2 basis point increase from 2024, outperforming the industry average [3] - The non-performing loan (NPL) ratio decreased to 1.09%, with a significant improvement in the provision coverage ratio to 343.24% [3] Group 3: Non-Interest Income and Future Outlook - Non-interest income from fees and commissions grew by 13.64% year-on-year, indicating better performance compared to peers [3] - Other non-interest income saw a decline of 24.25%, but the overall financial health remains strong, allowing for future asset allocation flexibility [4] - The company is well-positioned for growth due to favorable policies and a strong capital base, with recent convertible bond issuance further solidifying its financial standing [4]

Core Viewpoint - The 2025 A-share banking mid-year report reveals significant profit differentiation among banks, with some city commercial banks achieving double-digit profit growth while others face negative growth due to narrowing interest margins and market volatility [1] Group 1: Profit Growth of City Commercial Banks - City commercial banks have emerged as the main contributors to profit growth among listed banks in the first half of 2025, with Hangzhou Bank reporting a net profit of 11.662 billion yuan, a year-on-year increase of 16.66% [2] - Factors contributing to the rapid profit growth of city commercial banks include stable asset scale growth, continuous optimization of asset-liability structure, and a recovery in fee and commission income driven by low base and wealth management growth [2][3] - Other city commercial banks such as Jiangyin Bank, Qilu Bank, and Qingdao Bank reported net profit growth rates of 16.63%, 16.48%, and 16.05% respectively [2] Group 2: Challenges Faced by Some Banks - In contrast, some banks like Guiyang Bank experienced negative profit growth, with a net profit of 2.474 billion yuan, a decrease of 7.20% year-on-year, attributed to declining interest income and weaker bond market performance [4] - The differentiation in profit performance among banks is largely due to variations in customer base, financing capabilities, risk preferences, and asset quality [4] Group 3: Interest Income and Margin Trends - The net interest margin for commercial banks narrowed to 1.42% in the first half of 2025, reflecting ongoing pressure on interest margins [7] - Strategies to manage interest margins include increasing the proportion of low-cost deposits and optimizing asset-liability management to improve net interest income [8][9] Group 4: Non-Interest Income and Business Diversification - Expanding non-interest income is seen as a crucial strategy for banks to mitigate the impact of declining interest margins, with a focus on enhancing middle business services such as custody, agency sales, and settlement [9] - Currently, non-interest income accounts for less than 30% of major listed banks in China, which is significantly lower than that of large international banks [9]

Core Viewpoint - Qilu Bank reported significant growth in key financial metrics for the first half of 2025, indicating a strong performance in both corporate and retail banking sectors, alongside a focus on innovation and risk management [1][2][4]. Company Overview and Financial Indicators - Qilu Bank's total assets reached CNY 751.31 billion, an increase of 8.96% compared to the end of 2024 [2]. - The bank's operating income for the first half of 2025 was CNY 6.78 billion, up 5.76% from CNY 6.41 billion in the same period of 2024 [2]. - Net profit for the same period was CNY 2.73 billion, reflecting a 16.28% increase year-on-year [2]. - The bank's total loans amounted to CNY 371.41 billion, a growth of 10.16% from the previous year [2]. - Total deposits reached CNY 478.57 billion, marking an 8.88% increase [2]. Business Performance - Corporate banking deposits grew by CNY 185.59 million, with a growth rate of 8.49%, while corporate loans increased by CNY 377.72 million, a rise of 15.72% [4]. - Retail banking saw personal deposits increase by CNY 204.70 million, up 9.27%, while personal loans decreased by 4.38% [10]. - The bank's non-performing loan ratio improved to 1.09%, down from 1.19% in the previous year [2]. Strategic Initiatives - Qilu Bank is focusing on enhancing its service to small and medium-sized enterprises (SMEs) and rural areas, with a strong emphasis on digital transformation and innovative financial products [4][8]. - The bank has established a dedicated department for inclusive finance, aiming to improve access to financial services for underserved communities [4]. - The introduction of new financial products, such as sustainable development-linked loans, reflects the bank's commitment to environmental, social, and governance (ESG) principles [9]. Risk Management and Compliance - The bank has implemented a comprehensive risk management framework, utilizing big data for risk identification and measurement [4]. - Qilu Bank maintains a robust capital adequacy ratio, ensuring compliance with regulatory requirements and enhancing its risk resilience [2][4]. Industry Context - The banking sector is experiencing steady growth, with improved asset quality and capital adequacy ratios, supporting the overall stability of financial institutions [4]. - There is a strong focus on supporting the real economy, particularly in financing for strategic sectors and enhancing the accessibility of financial services for SMEs [4].

证券代码：601665 证券简称：齐鲁银行 公告编号：2025-059 齐鲁银行股份有限公司 第九届董事会第十六次会议决议公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 （三）关于变更注册资本的议案 齐鲁银行股份有限公司（以下简称"公司"）第九届董事会第十六次会议通 知于 2025 年 8 月 22 日以电子邮件方式发出，会议于 2025 年 8 月 27 日在济南市 历下区经十路 10817 号总行大厦四楼二会议室以现场方式召开。会议应出席董事 表决。公司股东重庆华宇集团有限公司股权质押比例超过 50%，根据监管规定对 其提名的蒋宇董事的表决权予以限制。会议由董事长郑祖刚主持，监事列席了会 议。会议的召开符合《中华人民共和国公司法》等法律、行政法规、部门规章、 规范性文件及公司章程的有关规定。 会议审议通过了以下议案： （一）2025 年半年度报告及其摘要 详见公司同日在上海证券交易所网站（www.sse.com.cn）披露的 2025 年半 年度报告及其摘要。 表决结果：同意 12 票，反对 0 票，弃权 0 票。 ...

Core Viewpoint - Qilu Bank has demonstrated solid financial performance in the first half of 2025, with significant growth in revenue, profit, and total assets, while maintaining a stable asset quality and improving operational efficiency [2][8]. Financial Performance - Total operating income for the first half of 2025 reached CNY 6,781.68 million, a year-on-year increase of 5.76% compared to CNY 6,412.22 million in the same period of 2024 [2][8]. - Total profit amounted to CNY 2,754.69 million, reflecting a 14.54% increase from CNY 2,405.01 million in the first half of 2024 [2][8]. - Net profit for the period was CNY 2,727.40 million, up 16.28% from CNY 2,345.62 million in the previous year [2][8]. Asset and Loan Growth - As of June 30, 2025, total assets reached CNY 751.31 billion, an increase of 8.96% from CNY 689.54 billion at the end of 2024 [3][8]. - Total loans amounted to CNY 371.41 billion, growing by 10.16% from CNY 337.14 billion at the end of 2024 [3][8]. - Corporate loans increased by 15.72% to CNY 278.06 billion, while personal loans decreased by 4.38% to CNY 82.63 billion [3][8]. Asset Quality - The non-performing loan (NPL) ratio improved to 1.09%, down from 1.19% at the end of 2024 [4][9]. - The provision coverage ratio increased to 343.24%, up from 322.38% at the end of 2024, indicating stronger risk management [4][9]. Operational Efficiency - The cost-to-income ratio improved to 24.90%, a decrease of 2.51 percentage points from the previous year [4][9]. - The net interest margin was reported at 1.53%, reflecting a slight increase from 1.51% in the previous year [4][9]. Capital Adequacy - As of June 30, 2025, the core tier 1 capital adequacy ratio was 10.46%, while the total capital adequacy ratio stood at 14.61% [5][6]. - The bank's total capital reached CNY 59.19 billion, an increase from CNY 56.58 billion at the end of 2024 [5][6]. Shareholder Information - As of the report date, the total number of ordinary shareholders was 43,118, with the largest shareholder being the Commonwealth Bank of Australia, holding 14.66% of the shares [10][11].

Core Points - The company has approved a change in registered capital and amendments to its articles of association during the board meeting held on August 27, 2025 [1] - The registered capital will increase from 4,708,132,387 yuan to 6,153,842,525 yuan following the early redemption of 1,445,710,138 shares from the convertible bonds issued in November 2022 [1] - The changes are subject to approval by the shareholders' meeting and subsequent regulatory approvals [1] Summary by Sections - **Registered Capital Change** - The company plans to change its registered capital to 6,153,842,525 yuan from 4,708,132,387 yuan [1] - This change follows the early redemption of the "Qilu Convertible Bonds" on August 14, 2025 [1] - **Amendments to Articles of Association** - The company will revise relevant clauses in its articles of association to reflect the new registered capital and total shares [1] - **Approval Process** - The changes require approval from the shareholders' meeting and must be reported to the Shandong Regulatory Bureau of the National Financial Supervision Administration for approval [1]

证券代码：601665 证券简称：齐鲁银行 公告编号：2025-063 齐鲁银行股份有限公司 关于职工监事辞任的公告 本公司监事会及全体监事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 一、监事离任的基本情况 齐鲁银行股份有限公司（以下简称"公司"）监事会于 2025 年 8 月 28 日收 到张晓艳女士辞呈。因工作变动原因，张晓艳女士申请辞去公司第九届监事会职 工监事及监事会监督委员会委员职务。 是否存在 是否继续在上 原定任期到 未履行完 姓名 离任职务 离任时间 离任原因 市公司及其控 期日 毕的公开 股子公司任职 承诺 职工监事、 张晓艳 监事会监督 工作变动 否 否 月 28 日 10 日 委员会委员 二、监事离任对公司的影响 张晓艳女士确认与公司监事会无不同意见，亦无任何其他事项需要知会公司 股东及债权人，并已按相关要求做好交接工作。张晓艳女士的辞任不会对公司监 事会运作及公司经营管理造成重大影响。 公司监事会对张晓艳女士在任职期间做出的贡献表示衷心感谢！ 特此公告。 齐鲁银行股份有限公司监事会 ...

Investment Rating - The report maintains a strong recommendation for the company, suggesting active attention due to its solid fundamentals and strong growth potential [4]. Core Views - The company has shown significant growth in total assets, with a year-on-year increase of 16.02% as of Q2 2025, driven by a 20.62% increase in corporate loans and an 18.07% increase in investment assets [2]. - The net interest margin has improved to 1.53%, which is a 2 basis points increase compared to the previous year, indicating a positive trend despite a challenging interest rate environment [2]. - The non-performing loan ratio has decreased to 1.09%, with a provision coverage ratio rising to 343.24%, reflecting improved asset quality [2]. - The company has experienced a 13.64% year-on-year increase in net fee and commission income, outperforming peers in this area [2]. Summary by Sections 1. Performance - In H1 2025, the company reported revenue growth of 5.76%, pre-provision operating profit (PPOP) growth of 6.00%, and net profit growth of 16.48% [1][4]. - The growth in net profit is supported by a decrease in provision expenses and an effective tax rate [1]. 2. Non-Interest Income - The company faced a decline in other non-interest income, with a year-on-year decrease of 24.25% in H1 2025, despite strong growth in net fees and commissions [3][30]. 3. Interest Margin and Asset-Liability Management - The net interest margin has shown resilience, increasing to 1.53% in H1 2025, while the cost of interest-bearing liabilities has improved significantly [2][12]. - The company has effectively managed its funding costs, with a notable reduction in the cost of deposits and bonds issued [2]. 4. Asset Quality - The non-performing loan ratio has decreased to 1.09%, with a significant drop in non-performing loans by 1.23 million yuan [2][12]. - The provision coverage ratio has improved to 343.24%, indicating a strong buffer against potential loan losses [2]. 5. Capital and Shareholders - The company has completed the conversion of 8 billion yuan in convertible bonds, further strengthening its capital base [4]. - The major shareholder is the Commonwealth Bank of Australia, holding a 14.66% stake [4].

中证报中证网讯(王珞)8月28日，齐鲁银行（601665）发布2025年半年度业绩报告。上半年，该行交出 了一份高质量的答卷，业务规模稳健增长，经营效益稳步提升，资产质量稳中向好。 服务实体方面，该行紧跟区域发展战略，不断完善对战略新兴行业、制造业、民营小微等重点领域的金 融服务，聚焦金融"五篇大文章"重点领域，科技、绿色贷款增速分别达到17.6%、30.03%，均高于贷款 平均增速，普惠贷款余额领跑山东省城商行。 资本实力方面，6月末，齐鲁银行核心一级资本充足率10.46%，8月14日提前赎回"齐鲁转债"，促成 79.93亿元可转债转股，预计将进一步补充核心一级资本、优化资本结构、增强资本实力，可为后续业 务扩张提供坚实保障。 股东回报方面，分红水平持续提高，2024年度现金分红比例近28%(含中期)，每股派发现金分红0.266元 (含税)，较上年提高21%。分红次数也由过去的一年一次改为一年两次，增加实施了2024年度中期分 红。该行年度股东大会已授权董事会适时确定2025年中期利润分配事宜，预计将为投资者提供持续稳定 的投资回报。 报告显示，截至6月末，该行资产总额达7513.05亿元，较上年末增长8. ...